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Hotline Sample Report

This report is a sample for information purposes only. These recommendations are closed.
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12/15/2017 1:41:44 PM Eastern Time

Wheels of Economy
By Charles Payne, CEO & Principal Analyst

 Click here to download PDF version

While all eyes are on Washington, D.C., and the progress of tax reform, the wheels of the economy continue to turn especially in the important area of manufacturing. 

Industrial production climbed 3.4% year over year driven by the rebound in the oil and natural gas industries.

  • Manufacturing +2.4%
  • Mining +9.4%
  • Utilities +2.3%

Capacity Utilization is also breaking out to levels not seen since early 2015. 

The major indices are firmly in green and have been gaining momentum, reaching new all-time highs, as investors await the GOP tax bill.   News that Senator Rubio will now be a yes vote has helped propel the market even higher. Details of the bill are due out today at 5:30 ET.

Advancers outpace decliners 2134/768 on the NYSE and 1955/806 on the Nasdaq.  Standout sectors today are Consumer Staples, Financials, Health Care and Telecom.  On the other end, Materials, Real Estate and Utilities lag.

The latest Baker Hughes report shows a decline of 4 rigs in the past week to 747 rigs.  This is the first decline in 6 weeks.  WTI is up slightly trading at $57.29 and is near a two-year high.

Long Idea: JPMorgan Chase & Co. (JPM) @ $106.48
Industry: Financials; Banks
Click here to view the trading alerts that followed this recommendation

Trading Parameters
Status Closed
Entry Price$106.48
Entry Limitsee comments
Stop LossN/A
Target$127.00


Options Trade Parameters
Status Closed
Type Call
Option Symbol JPM180316C00
Entry Price $4.75
Strike Price $105.00
Expiration Date 3/16/2018
  Add to Position Tracker

BACKGROUND: JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management segments. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans. The Corporate & Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure and capital-raising in equity and debt markets, as well as loan origination and syndication; treasury services, such as cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research services. It also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The Commercial Banking segment offers financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners. The Asset & Wealth Management segment provides invest

SKINNY: JPM has been rallying extremely well, up almost 24% this year and 80% the past two years. A break out through $110 can lift the stock to $127 in the long term.


Key Fundamentals
PEG  1.77
Book Value  66.96
Institutional Holdings  75.99
Price/Sales  3.67
Average Daily Volume  12.59M
Shares Outstanding  3.47B
Market Value  369.08B
Insider Activity  23 Buys 6 Sales
52-week High  108.4
52-week Low  81.64
Annual Earnings Estimate  21

Analyst Coverage
 Deutsche Bank Downgraded to  Hold
 Wells Fargo Resumed to  Outperform
 Goldman Resumed to  Neutral



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